CHEAPER CAR INSURANCE - HOW TO REDUCE YOUR YOUNG DRIVER CAR
As a new or young UK driver you know your
insurance premium is going to be too high. The reason for this is
simple- you're a bigger risk to insure than the average car driver.
qualified UK drivers are more likely to have an accident during
their first year of driving than at any other time.
Per mile of
driving, the risk of an accident involving injury or death is
about seven times greater for 17-20 years old than for those
aged 40 or over.
21 are involved in 15% of all accident deaths.
make up just 10% of licence holders, but are involved in 29% of
Use the following
tips to keep your young driver car insurance premium low.
Take the Pass Plus
The pass plus
examination is for new and young car drivers. It is an intensive
training course that helps new drivers become a better drivers. Pass
the pass plus and you will get a discount of up 35% on your car
insurance. Taking the Pass Plus will cost around £100 but given the
high cost of new driver car insurance you should save more than this
on your car insurance premium. Ask your driving instructor for
Pay a higher excess
Insurers will insist
on a minimum amount that you have to contribute to any insurance
claim. The standard amount is £100. As new and young drivers if you
volunteer a higher amount you could save on your car insurance
Pay your premium in one go
It is often cheaper to pay your years
car insurance in one lump sum rather than in monthly instalments,
Most insurers charge interest of around 15% APR (some up to 30%) to
allow you to pay your premium in monthly
Adding a named older
driver to your car insurance policy, i.e. your parents, can save you
10% on your premium. Likewise, avoid having younger named drivers on
Beef up your car
security. Thatcham approved car alarms are recognized by all
insurers and most will discount your premium if you have these
fitted. If you have a garage then use it. Your car is less likely to
be stolen from your garage or from your drive than if it is parked
in the street. Insurance companies will recognize this and offer
Buy your car insurance policy online.
Most car insurance
companies offer a discount if you buy online via their web site.
Be Born Female
Female car insurance
is cheaper. Why? Because the average female is a safer driver than
the average male. Result, cheaper car insurance for the ladies.
According to the
Association of British Insurers it is possible to save 35% on a car
insurance premium by simply comparing several insurance companies
against each other. As young drivers such a discount can be
considerable. So get as many insurance quotes, online or otherwise,
as you can. It will save you money.